Uranium Energy Corp (UEC) has successfully restarted uranium production at its Christensen Ranch In-Situ Recovery operations in Wyoming on August 6th. Initial production from Mine Unit 10 is meeting expectations, with uranium concentrations anticipated to rise in the coming weeks. The first yellowcake shipment is expected in November or December 2024.The Irigaray Central Processing Plant, with a current licensed capacity of 2.5 million pounds U3O8 per year, will process the recovered uranium. A license amendment under review could increase capacity to 4 million pounds annually. UEC has achieved all planned startup milestones, including hiring and training initial restart personnel, with a total workforce of 40 employees.UEC's CEO, Amir Adnani, highlighted the significance of this restart, emphasizing the company's decade-long preparation and the solid global uranium market fundamentals. The company aims to address the U.S. nuclear industry's demand, which consumes over 50 million pounds of uranium annually, by revitalizing domestic production amidst changing government policies favoring U.S. uranium production.

Uranium Energy Corp (UEC) has successfully restarted uranium production at its Christensen Ranch In-Situ Recovery operations in Wyoming on August 6th. Initial production from Mine Unit 10 is meeting expectations, with uranium concentrations anticipated to rise in the coming weeks. The first yellowcake shipment is expected in November or December 2024.The Irigaray Central Processing Plant, with a current licensed capacity of 2.5 million pounds U3O8 per year, will process the recovered uranium. A license amendment under review could increase capacity to 4 million pounds annually. UEC has achieved all planned startup milestones, including hiring and training initial restart personnel, with a total workforce of 40 employees.UEC's CEO, Amir Adnani, highlighted the significance of this restart, emphasizing the company's decade-long preparation and the solid global uranium market fundamentals. The company aims to address the U.S. nuclear industry's demand, which consumes over 50 million pounds of uranium annually, by revitalizing domestic production amidst changing government policies favoring U.S. uranium production.